Oil shortage hits petrochemical outputSiam Cement’s petrochemical facility in Rayong (file photo supplied)The current “oil shock” has begun to affect companies on the Stock Exchange of Thailand (SET), with industrial conglomerate Siam Cement (SCC) suspending operations at its petrochemical unit in Map Ta Phut due to insufficient feedstock amid the Middle East war, analysts say. The conflict in the Middle East has caused a shortfall of roughly 30% of ROC’s raw materials scheduled for March. Typically, the firm imports 70% of its raw materials from the Middle East and purchases the remaining 30% domestically. “Oil prices have continued to jump this week following the 30% increase last week as attacks in the Middle East have escalated,” he said. Some firms have to suspend their production because they cannot secure an adequate supply of raw materials, Mr Pichai noted.

Source: Bangkok Post March 09, 2026 14:18 UTC